Registration number N1605096 Lenadoon Community Forum Company limited by guarantee Annual, report and financial statements for the year ended 31 March 2025
Lenadoon Community Forum Contents Page Directors, report Aiiditors, report Statement of Financial Activities 10 Balance sheet 11 Cash flow statcment 12 Notcs to the financial statcmcnts 13-20
Lenadoon Community Forum Directors, Report for the year ended 31 March 2025 The Directors present their report with the auditcd financial statcments for the year ended 31 March 2025. The accounts have been prepared in accordance with the accounting policies set out in note I to the accounts and comply with the charity's Memorandum and Articles of Association, the Companies Act 2006 and 'Accounting and Reporting by Charities.. Statement of Re¢on]mended Pr1( Ctice applicable to charilies preparing Ihcir accounls in accordance with thc Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019" Reference and Administrative Information Cliill-ity Namc.. Lenadoon Community Foi'um Charity Regi%tration nuinbcr- XR60513 Company Rcgyistralion nuiJ)ber.' Nl 6050()6 Registered Office: Glen Community Complcx,41 c Suffolk Road, Bclfast, BTI19PE Business Address- Glcn Cominiinity Complex,4 Ic Suffolk Road, Belfast, BTI19PE Directors Michael Doherty (Chairpcrson) Tiin Smith (Vicc ChJirpcrson) Dcirdrc McKcamcy (Sccrctdry) Pciul Niblock (Trcusurci.) Glen Philips (Dircctor) Audltors Mccrecry Turkinglon Stockman LTD, l Lanyon Quay, Belfast, BTI 3LG Bankers First Trust Bank Ltd, University Road , Belfast Bank of IrL'ldnd, 202 And¢rtrionstown Rd, Bclfast Page I
Lenadoon Community Forum Dlrectors, Report for the year ended 31 March 2025 Structure, Governance and Management Governing Document The organisation is a charitable company limiled by guarantee, incorporatcd on 12 Novcmber 2010 and was rcgistcrcd as a charity in 1992. Thc compaiiy was cstablishcd under a Memorandum of Association which established the objccts and powers of the charitable coinpany and is govcrncd under its Articles of Association. In the event of thc company being wound up meinbers are required to contribute an amount not exceeding £1. Recruitment and Appointment of Directors The Directors of the company are also charity trustees for thc purposes of charity law. Undcr the requirements of the Meinorandum and Articles of Association the Directors hold office until thc next Annual General Mecting and are eligible for re-election. Individuals are invited lo serve as Dircctors on the basis of their abilitics and background so as lo achieve a balancc bclwccn those fi'om Ilic bLisincss, voluntary and charity scctors. Directors Induction and Training The Dircclors have conducted a review of the major risks to which thc charity is cxposcd. Whcrc appropriatc, systcms or proccdurcs have bccn cstablishcd to mitigatc thc risks thc ch¥irity faccs. Intcrnal control risks are miniiniscd by Ihc implcmcntation of proccdurcs for auihorisation of all transactions and projccls. Procedures arc in placc to cnsiirc compl iancc with hcL11th and safcty of staff, voliintccr5, clicnts and visiloi's to th¢ prciniscs. These procedures are periodi¢£illy reviewed to ensure that they continue lo meet the needs of the charily. Organisational Structure At present Lenadoon Commiinity Forum has 5 Directors who mcct rcgularly and arc rcsponsiblc for the stratcgic dircction and policy of thc charity. A schemc of dclcgation is in place and day to day rcsponsibility for the provision of the services rest with the Strategic Development Co-ordinator and Project Co-ordinators. Page 2
Lenadoon Community Forum Directors, Report for the year ended 31 March 2025 Objectives and Activities The Lcnadoon Community Forum will work towards creating a stable, secure. confidcnt commiinity in Lenadoon. The objective of the company shall be to promote the benefit of the inhabitants of the Lenadoon estate and its ncighbourhood by associating together with said inhabitants and the local authoritics, voluntary and other organisations in a common effort to provide or sccure the provision of social services, educational and recreational facilities for all sections of thc community i.e. youth, elderly people with special needs or who are disabled. womcn, men, children, the unemployed and other dis<idvantaged groups within the area in the intci'cst of social wclfarc. Achievements and Performance The P¢lSt twelvc months saw (In in¢r¢asc in the number of rcfcrrals to the Foruin's Cominui)ily CounsL'llii)g Project. Unfortunatcly, this rcsulted in an increase in our waiting list. FullowingT the reslrucluring of thc Service. dclivcry is morc cfficient. FundingF froin the Dormant Accounts Fund. Heniy Smith, City Council, BHSCT, PHA and V.S.S. has ensurcd we arc (Iblc to rcspond to thc nccd. Unfortunately the Mental Health Fund Grant came to an end and Dormant Accounts is due to cnd in 2025. We got a years extension of the Henry Smith Grant. We also losi the Tend¢r foi. thc Sclf Harm Initiative. Th¢ Forum Staff tcam providcd invaluable assistance to the Membcr Groups of Ihc Forum who requcstcd it. Our Training for Employment Project delivcrcd accreditcd courses and qualifications to individuals. We were only ablc to offer a grcatly reduccd number of classes. Funding from these classes came from SRRP, NEHE and B.C.C. W¢ wcrc gyl<id lo sccurc thc funding from thc City Coiincil which cnsiircd classcs for thrcc yc(Irs. Thc Council's Cap<i¢ily CJraiit hcls b¢cn invaluable, in tcrins facilitating thc Consultations dnd Co-ordination of thc Forunis ncw Pcoplcs Plaii - Making Lifc Bcttcr in Lcnddoon. Our Coinmunity Counsclling Projcct dclivcrcd ovcr 5,000 individual counscllingy scssions to individuals refcrrcd to thc Projcct. Wc continucd to dclivcr on Scrvicc Lcvel AgrcLmcnts from PFIA, BFISCT and V.S.S. Wc rcstnicturccl thc Wcckcnd Intcrvcntion S¢rvi¢c, and thi.4 rcsiiliLd in a(Iditional clicnts bcing sccn on Saturdays and Sundays. Our Sclf Harm Intcrvcntion Progyrammc saw an incrcasc in rcfcrrals bLIt wc lost the Tcndcr at thc cnd of the year. We were successful in OLir Tcndcr to B.H.S.C.T. for thc Talking Therapies Hub, however the level of funding from the Trust was rcduccd again as a rcsult of the Tender. We have concerns in relation to our Contracts with BHSCT for thc Hub refcrrals as this funding has decreased dramatically tliis Past thi'ee years. We anticipate that V.S.S. and PHA will both go out to Tender and this could affcct our Future Funding. The Development Team oversaw a nuinber of local Ncw Build Developments and planned Programmes of Improvement Work. They also handled scorcs of housing and environmental complaints ancl queries. Thc staff organised and facilitated bi-monthly mcctings of LCFS Member Groups in the Glen Community Complex and also Ihc Lcnadoon Housing, Environmental and Community Safety Network Mcctings which werc hcld in SRRP. Mcctings wcrc organised ic nd facilitilted by the Devclopincnt tcam for local rcsidcnts and community groups around proposcd Housing and Enviroiiinental Schemcs and Initiativcs in thc Glcn Complcx. Work eventually concluded on a new Housing Developinent on thc Old Scrapyard Site on tl}¢ Suffolk Road. Following the dcmolition of the flats at Corrib Avenue, work started on the construction of new homes. We also facilitated meetings of the Cross Sectoral Woodboume Working Group and work began on the Woodboume Environmental Scheme. A largc part of our time over the past 12 months was spent on facilitating door to door, focus groups and Consultations with all relcvant stakeholders in the development of thc ncw Arca 5 year Plan - Making Life Bcttcr in Lenadoon. Page 3
Lenadoon Community Forum Directors, Report for the year ended 31 March 2025 The Directors of Lenadoon Community Forum met on a bi-monthly basis to oversee the implementation and delivery of the Forum's strategic priorities. The Direclors are indebled to our funders (Ind Pilrticular Department for Communities, SRRP, PHA, BHSCT, City Council, V.S.S, Henry Sinith and Halifax Foundalion. The Trading Surplus from SRRP enabled us to kccp thc Training and Education Courses going, donations to Meinber Gi'oups and ensured that local residcnts received a free copy of our Community Magazine evely quarter. A word of cknowledgement to our Member Groups whose volunteers worked over thc past 12 months to iinpi'ovc thc quality of life for local pcoplc. Financial Review Duc to Ihc hugc dcmand for our Scrviccs thc Fonjm has had to mcct additional ¢1nd increasing costs. Thc Foriim's Dii'ectors and Projcct Co-ordinators will nieL't in thL inLoining yLar to addi'cbs this issuL. We are concerned about the Forums financial position aftcr March 2025. Princlpal Fundlng Sources The principal sources of funding were DFC, PHA, BCC, SRRP, BHSCT, V.S.S., Dormant Accounts and the Henry Smith Charitiible Trust. Investment policy Any surplus fuiids arc Iranbf¢rrc(l into short Icrm Siivings accolints for invcstmcnt. Wc will rcquirc these in thc financial year 2025126 as our funding from Hcnry Siniih and Doi-lnant Accoiinls comcs to an cnd. Reserves Policy Thc Directors rctain funds in thc charity in order to provide sufficicnt working capital to facilitate the ongoing activities. Thc target for unrcstrictcd fund rcscrves is six monihs support costs. Volunteers The charity is appreciative of the efforts of its volunteers who are involved in scrvicc provision. Page 4
Lenadoon Community Forum Directors, Report for the year ended 31 March 2025 Statement of Directors, Responsibilities Thc directoi's are respoiisible for preparing the Dircctors Repoit and the fin(incial statements in accoi'dance with applicablc law and United Kingdom Accounting Standards (United Kingdom Generally Acceptcd Accounting Practicc). Company law requires the directors to prepare financial statemcnts for each financial year, which give a true and fair view of thc stat¢ of affairs of the company and of the incoming resources and application of resourccs, includtng the income and expenditure, of thc charitable company for the year. In preparing those financial statcmcnts thc directors are required to: select suitable accounting policies and then apply them consistently; observe the methods and principles in thc Charltics SORP. make judgments and estimates that are rcasonablc ancl prudent; statc whcihcr applilablc UK Accoiinling Standards havc bccn followed, subject to any material dcpartures disclosed and explaincd in Ili¢ fin(Iiicial st¢ltcincnts' PI'CP1c rc Ihc financial stalenicnls on thc going conccrn basis unless it is inappropriatc to presume that the coinpany will continuc in opci'alion. The dircctors are rcsponsiblc for keeping proper accounting records which disclose with reasonablc accuracy at any liinc thc financial position of tlic compuny and to cnablc thcm to cnsure that the financial stateincnls comply with Ihc Cumpdn ics Act 2006. Thcy arc also rcsponsiblc foi. safcgFu<ircling7 thc ilSSCts of Ilic coinpany and hcncc for t<iking rcasonable steps for the prevenlion <ind dclcclion of fraud and other irregularities. Aiiditors Thc auditors are deemed to be reappointed in accordance with Section 487(2) of the Companics Act 2006. Each of thc trustccs has confirnicd that thcrc is no inforniation of which thcy are aware wliich is rclcvant to thc iiiidit, but of which thc auditor is is unaware. Thcy havc furthcr confii'nicd that Iliey hav¢ tiikcn appi'opriate steps to idcntify siich rclcvant infonnation and to establish that Ihc auditor is awarL of such informc1tion. This report was approved by the Board on 4 September 2025 Michacl Doherty Dircctor Page 5
Lenadoon Community Forum Independent auditors, report to the members of Lenadoon Coxnmunity Foru Opinion We have audited thc financial stateinents of Lenadoon Community Forum for the year ended 31 March 2025 which comprise the Statement of Financial Activities , the Balance Sheet, the Cash Flow Statement and notes to the financial stateinents, includlng significant accounting policies.The financial reporting framework that has bccn applied in tlieir preparation is applicablc law and Uiiiteil Kingdom Accoiinting Standards, including Financial Rcporting Standill-d 102 The Financial Rcporting Standard applic<ible in the UK (Ind Republic of Ireland (Uniteil King(loin Generally Accepted Accounting Practicc). In our opinion, the financial slatcmcnts.. give a truc aiid fair view of the state of ihe charitable conipany's aff(iirs as at 31 March 2025 and of its incoming rcsourLes ancl applic<ltion of i'esources, foi- the Year then elided. have bccn properly preparcd in accordancc with United Kingdom Gcncrally Accepted Accounting Practice. and have been preparcd in accordancc with the requirements of the Companies Act 2006. Basis for opinion We conduclcd our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities undcr those standards are further describcd in Ihc Auditor's responbibilities for Ihc audit of the financial statemcnts scction of our rcport. We are indcpendcnt of the charity in accordance with Ihc cthic<il rcquircments that arc relcvaiil to our audit of Ihc fincincitil st¢ltcincnts in the UK, includiiig the FRC'S Ethical Slcincliird, and wc havc fulfillcd our othcr clhical rcsponsibilitics in accoi'dcincc with thcsc rcqliircmenls. Wc bLlicvc thilt tlic ¥iudit cvidLncc wc havc obtainLd is sufficiLnt and appropri(Itc to providc a b¢lSiS for our opinion. Conclusions relating to going concern In auditing Ihc financial stalcincnls, wc havc conclLiil¢d that thc trLlStccs' usc of thc going concern basis of accouiiling in thc pi'cparation of thc financial slatcmcnts IS ilPPI'opriatc. BasLd on thc work wc havc pcrformcd, wc havc not idLntificd any Inalcrial Lincertaintics relating to evcnts or conditions that, individually or collcctivcly, may cast significant doubt on thc charitable coinpany's ability to continuc as a going concern for a period of at least twclvc months from when the financial statements are authoriscd for issue. Howcvcr, as wc cannot Pl'CLIiLt all futui'e events ol. conditions and as subscqucnt cvenls Inay result in oiitcoines thclt (ire inconsistcnl with j Lidgcmcnls that were reasonablc at Ihc timc Ihcy wcrc madc, thc abscnLC of i'L'ferLnce to a material iinccrtainty in this auditor's rcport is not a guardntc¢ that thc Company will continuc in operatioii. Our responsibilities and Ihc rcsponsibilitics of thc trustees with rebpect to going conccrn arc dcscribcd in thc relevant sections of this report. Other information The other information compriscs the infonnation included in th¢ anniial report, othcr than thc accounts and our audilors report thcreon. Thc tnistccs arc rcsponsible for the other infom]iTrtion. Our opinion on thc accounts does not cover the other information and wc do not express any forin of ic ssurancc conclusion thcrcon. In LonneLtion with our audit of the accounts, our rcsponsibility is to rcad the other information and, in doing so, consider whether the other information is materially inconsistent with the accounts or our knowledge obtaincd in the audit or otherwise appears to be niaterially misstated. If we identify such material inconsistcncies or apparent material misstatemcnts, we arc rcquired to delennine whether there is a material misstatcmcnt in the accounts or a material misstatement of thc other infonnation. If, based on the work we have performcd, wc conclude that there is a matcrial misstatement of this other infomiation, we are required to report that fact. We have nothing to report in this regard. Page 6
Lenadoon Community Forum Independent auditors, report to the members of Lenadoon Community Forum continued Opinions on other matters prescribed by the Companies Act 2006 In oiir opinion, based on the work undertaken in the course of our audit- the infomiation given in the tnistees, Report, which includes thc directors, i'eport prepared for th¢ piirposes of company law, for the financial year for which the financial statements are prepared is consistent with the financial statements; and the directors, report included within the trustees, report has been prepared in accordance with applicable legal requirements. Matters on which we are requlred to report by exception In Ihc light of the kiiowlcdge aiiduiiderstanding of tlie chai-itable coinpany and its environment obtained in the coiirse of the audit, wc have not identified Inatei'icil rnisstatements in the dircctors, report included within the tnistees, report. We have nothing to report in rcspcct of the following matters in relalion to which the Companies Act 2006 requires us to report to you if, in our opinion.. adequat¢ ciccounling rccords havc not bccn kcpt, or rctiims adcquate for our au(Iit have not b¢¢n rcccivcd fi'oni brcinchcs not visitcd by us; or tlic financial statcincnts are not in cigrccmcnt with thc accounting records and returns; or certain disclosures of trustCCSji rcmuncration spccified by law are not madc; and we have not rcccivcd all the inforniation and explanations wc require for our audit, Responsibllltles of trustees As explciin¢d Inorc fully in Ihc Slatcinent of trustccs, Rcsponsibilitics, thc tnistccs, who arc also thc Dircctors of the Lhcirity for th¢ piirp05c of coinpany law, Jrc rcsponsiblc for the preparation of IIIL. accouiits cind for bcing satisficd that Ihcy givc a truc and fair view, and for such intcrnal control as Ihc coniinittee Ilctenninc is necessary lo enable the preparation of a¢¢ountS that arc frcc from malcrial misstalcmcnt, whcthcr due to fraud or error. In preparing thc accounts, thc Irustccs arc rcsponsiblc for asscssing the chcirity's ability to continiic as a going conLCI'n, dibclobing, as applicablc, mattcrs rclatcd to going conccin and using the going concei-n basis of accounting unless tlie trustecs ciihcr inlcnd to liquidatc Ihc chai-ily or to cease opei'ations, or have no realistic altcrnative but to do so. Auditor's responsibilities for the audit of the financial statements Our objcctivcs arc to obtain reasonable assui'ance about wheth¢i' the financial slatcmcnls as a wholc ai-c frce from matcrial misstalcmcnt, wlicthLr cluc to fraud or eiTor, and to issue an auditor's report that includcs our opinion. Reasonable assurancc is a high Icvcl of assurance, but is not a guarantee th<1t an audit conductcd in accordance with ISAS (UK) will always dctccl a matcrial misstatement when it exists. Misstatements can arise from fraud or error and arc considcrcd material if, individually or in the aggregate, they Could reasonably be expected to influence the economic decisions of users takcn on the basis of these financial statements. Page 7
Lenadoon Community Forum Extent to Ivhich the audit was capable of detecting irregularities, Including fraud Irrcgularilies, including fi-aud, are iiistances of non-compliance with laws and regiilations. Wc design procedurcs in linc with our responsibilities, outlined abov¢, to detect Inaterial misstatements in respcct of irregularitics, including fraud. The extent to which our procedures are c(Ipable of detecting irregiilarities, including fraud is detailed bclow.. We idcnlifi¢d the cireas of laws and regiilations that could reasonably bc cxpectcd to havc a material effect on thc financial statements and risks of matei'i(Il misstateinent diie to fraiid, using our undcrstanding of the entity's industry, regulatory cnvirorllneiit ancl other exteinal factorb (Ind inquiiy with the Triistees. In addition, our risk assessment proccdurcs Included.. inquiring with thc Trustees as to the ¢h(Irities policies and procedures regarding compliance with laws and rcgulations and prevention and dctection of fraud; inquiring whether the Trustees have knowledge of any actual or suspected non-compliancc with laws or regulations or allcgcd fraud; inspecting the charities regulatory and legal correspondence. and reading Board minutes. We discussed idcntificd laws and regulations, frdud risk factors and the need to remain alert among the audit team. Thc ch(Irity is subject to laws and regulations that directly affect the financial statcments charity and financial reporting Icgisl(Ition. We assessed the extent of coinpliance with these laws and rcgulations as part of our proccclures on tlie rclalccl fiiiclllcicil stcltcincnt itcmts, incliiding assessing the financial statement disclosures and agrccing them to supporting doiuinLnt(Ition whLn ncccssary. The charity is subject lo many olhcr laws and rcgulations whcrc the conscqucnces of non-compliancc could liavc a materi(Il effecl on amounts or disclosures in the financial slatcments, for instancc IhrougFh the iniposilion of fincs or litlgY¢ltion. Wc idcntificd the following arcas as those most likcly to havc such an ¢ffcct'. hcalth and safcty, anti-bribcry, employment law, environmcntal law. Auditing sland¢irds limit the required audit proccdures to identify non-conipliancc with these non-dircct laws aiid rcgiilations to inquiry of ihc Trustccs and inspcction of rcgrLilalory and Icgal corrcspot)dcncc, if ic ny. Tllcse liinitcd procedures did not idcntify actual or suspcctcd non- coinpliancc. Wc asscsscd eveiils oi. condilions that could indicatc an inccntivc or prc55111-C to coinmit fraud or providc an opportunity to cointnil fi'aud. As required by auiliting stan(lards, wc pcrfoi'mcd proccdiircs to addrcss thc i'isk of managcmcnt ovcrri(IL of conli'ols. On this audit we do iiot bclieve thci'e is a fL'aud risk rclatcd to rcvcnuc recognition. Wc did not idcntify any additional fraud risks. In response to risk of fraud, we also pcrformcd procedures including.. identifying journal entries to test based on risk criteria and comparing thc idcntificd cntrics to supporting documentation. evaluating the business purpose of significant uniisual transactions- asscssing significant accounting estimates for bias. and assessing the disclosures in the financial statements. Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some malcrial misstatements in the findti¢ial statements, even though we have properly planncd and pcrfomicd our audit in accordancc with auditing standards. For example, the further removed non- compliance with laws and regulalions (irrcgularitics) is from the events and transactions reflected in the financial statemcnts, the less likely the inherently limitcd procedures required by auditing standards would identify it. Page 8
Lenadoon Community Forum In addition, as with any audit, there remains a higher risk of non-detection of irregularitics, as these may involve collusion, forgery, intentional oinissions, misrepre5ent(Ilions, or the override of intcmal controls. We arc not responsible foi- preventing non-compliancc and cannot be expected to delect non- compliance wilh (Ill laws and regulations. A further description of our responsibilities for the audit of the accounts is located on the Financial Reporting Council's website at.. http'.//www.frc.org.uk/auditors responsibilitics. This description fonns part of our auditor's report. The purpose of our audit work and to whom we oTrve our responsibilities This report is made solely lo the charitable company's mernbers, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our auclit work has been undertaken so that we mlght state to the charitable coinpany's members those matters we are required to state to tem in an auditors, rcport and for no other puipose. To the fullest extent pcnnittecl by law, we do not (Iccept Ol. ¢1ssume responsibil ity to anyone other than thc charitable coinp(Iny and the charilablc conipany's nicinbLI-s as a bucly, for our 1( udit work, foi. this report, or for the opinions we have foi-med. Richard Mcclay FCA (Senior Statutory Auditor) For and on beh#lf of Mccreery Turkington Stockman LTD Chartered Accountants Registered Auditors l Lanyon Quay Belfast BTI 3LG 4 September 2025 Page 9
Lenadoon Community Forum Statement of Financial Activities (Including Summary Income and Expenditure Account) for the year ended 31 March 2025 Unrestricted Restrlcted Funds Funds Total Total 2025 2025 2025 2024 Income from; Charitable activities Notes 533,936 533,936 681,903 Total incoming resources 533,936 533,936 681.903 Expenditure on: Charitable activities (437,394){437,394) (459,904) Total resources expended (437,394)(437,394) (459,904) Net Income before trvdnsfers 96,542 96,542 221,999 Net incoming resources 96,542 96,542 221,999 Fund balances brought foiward 453,560 453,560 231,561 Fund balances carried forward 550,102 550,102 453,560 All of the above results) are derived from continuing gains and losses recognised in the year ar¢ includcd above. The notes on pages 13 to 20 form an integral part of these financial statements. Page 10
Lenadoon Community Foru Balance sheet as at 31 March 2025 2025 2024 Notes Fixed assets Tangible assets 7,546 9,557 Current assets Debtoi's Cash at bank and in hand 528 548,748 445,503 549,276 445,503 Crcdltors: amounts falling due Ivithin one year (6,720) (1,500) Net current assets 542,556 444,003 Net assets 550,102 453,560 Capltal and reserves Restricted funds 550.102 453,560 TotAI funds 550,102 453,560 The financial statcmcnts wcre appi'oved by thc Directors on 4 Scptcmbcr 2025 ancl signed and appi'oved for issuc on its bchalf by Michael Doherty Director The notes on pages 13 to 20 form an integral part of these financial statements. Page 11
Lenadoon Community Forum Cash flow statement for the year ended 31 March 2025 2025 2024 Cash generated from operations Net income / (expenditurc) foi. thc year Depreciation (Increase) in debtors Increase in creditors 96,542 2,011 (528) 5,220 221,999 2,389 Net cash infloTrv from operating Activities 103,245 224,388 Cash floiv statement Cash tlow from investing activities Increase in cash in the year 103,245 224.388 Reconciliation of net cash tloiv to movement In net funds Increase In cash In the year Cash and cash equivalents at l Aprll 2024 Cash and cash equlvalents at 31 March 2025 103,245 445,503 224,388 221 115 548,748 445,503 Page 12
Lenadoon Community Forum Notes to the financial statements for the year ended 31 March 2025 Accounting policies Company information Lcnadoon Comtnunity Forum is a Company limited by guarantee, registered in Northern Irelar)d. The addrcss of the register¢d office is 41¢ Suffolk Ro(Id, Belfast, BTI19PE. Accounting convention The accounts havc bccn prepared in accoi'dancc with the charity's Memorandiim and Articles of Association, the Companies Act 2006 and Accouiiting and Rcporting by Ch(Irities.' St<ilcment of Recommended Practice applicable to charities preparing thcir accounts In accorclance with the Financial Reporting Standard (IppIic(ible in Ihe UK and Republic of Ireland published in Octobcr 2019 The charity is a Public Benefit Entity as defined by FRS 102. The financial statcincnls are prcparcd in sterling. which 15 the functional currency of the company. Monetary aniounts in tlicse financial statcincnts al'e roundccl to thc ncarest £. 1,2. Resources expended All expenditure is accountcd for on an accruals basis. Expcnditurc is rccogniscd whcrc there is Ic Icgal or constnictivc oblig¢1tion to Inakc payincnts to third P¢lrtics, it is probablc that the scttlcmcnt will bc rcquircd, and Ihc aInouiit of thc obligation can bc mLiisurcd rcliably. Incoming resources Incomc is rccognised when the cliarity is legally entitled to it aftcr any pcrformancc conditions have bcen mcl, thc amounts can bc mcasurcd rcliably, and it is probable that income will bc rcccivcd. Cash donations are recognised on receipt. Othcr donations are recogniscd oncc thc charily has been notificd of thc donation, unless pci'fomiance conclitiuns rcqiiirc dcfciTal of Ihc ainount. Incomc tax rccovci'ablc in rclation to donations received under Gift Aid or deeds of covenant is recogniscd at the tiinc of thc donation. Leg<iCiC% are re¢ogni5cd on rcccipt or othcrwisc if Ihc charity has bccn notifiecl of an iinpencling distribution, the amount is known, and receipt is cxpcctcd. If thc amount is not known, the legacy IS trcatcd as a contingent asset. Invcstmcnt income is r¢cognised once the income and been declared and notificd to bank accounts. 1.4. Tangible fixed assets and depreciation Depreciation is provided at rates calculated to write off thc cost Icss rcsidual value of each asset over its expected useful life, as follows.. Fixtures, fittings and equipment 20 /0 reducing balance Page 13
Lenadoon Community Forum Notes to the financial statements for the year ended 31 March 2025 continucd At each reporting period end date, the Company reviews the canying amounts of its tangible asscts to determine wheilier there is any indication that thosc asscts have suffei'ed an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order lo dctennine the extent of the inipairinent loss (if any). Where it is not possible to estimate the recoverable amount of an individual assct, the Society ¢stiniates the recoverable amount of the cash-generating unit to which the asset belongs. Recoverable amount is the higher of fair value less costs to scll and value in use. In assessing value in use, the estimated future cash flows are discoiinted to their present value using a prc-tax discount rate that i'cflccts Cuent m<irkcl (Isse%%inent.s of the tiine value of money and the risks specific to the asset for which tlic cstimatcs of futurc iabli flows h¢iVC not bccn iidjusted. If the rccoverable amount of an asset (or cash-gcncrating unit) is estimated to be less than its carrying ainount, the carrying amount of the asset (or cash-gencraling unit) is reduccd to ils recoverable amount. An impairmcnt loss is recognised iinmediately in profit and loss, unless thc relcvant assct is carried at a rcvalued amount, in wliich case the impairment loss is treated as a revaliiation decrease. 1.5. Cash at bank and in hand Cash and cash equivalcnls include cash in hand. dcposils held at call with banks, other short-ternl Iiqliid invcstmcnts with original maturitics of three montlis or Icss, and bank overdrafts. Bank ovcrdrafts arc shown withiii borrowings in currcnt liabilities. Page 14
Lenadoon Community Forum Notes to the financial statements for the year ended 31 March 2025 continued 1.6. Financial Instruments The charity has elected to apply the provisions of Section I I 'Basic Financial Instruments, and Seclion 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instruments, Finaiicial instruments are recognised in the charity's balance sheet when the charity becomcs party to thc ¢onli'a¢tual provisions of tlie instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforccable right to set off the recogniscd amounts and thcre is an intention to settle on a net basis or to realise the assct and scttlc the liability simultaneously. Basic financial assets Basic financial asscls. whicli include debtors and cash and bank balances, are initially measured at transaction pricc including transaction costs and arc subscqucntly Ciiri-ied at ainortiscd cost using the effective interest method unlcss thc arrangcmcnt constitutcs a financing transaction. where the transaclion is mcasured at the prcscnt valuc of thc futurc rcccipts discountcd at a market rate of interest. Fin(Incial assets clas5ificd as receivable within one year are not amortised. Basic fjnancial liabilltles Basic financial liabilitics, including crcdilors an(1 baiik loans arc initially rccogyiiiscd at transaction price uiilcss thc arr1( ngpcnicnt constitutcs a financing transaction, where thc debt instrliincnt is mcasured al the prcscnt valiic of thc futurc payincnts discoiintcd at a markcl ratc of intcrcst. Financial liabilitics classificd as Pdyablc within onc ycar arc not amortiscd. Dcbt inslrumcnts are subsequently carried at amortised cost, Using the effective interest rate method. Tradc crcditors arc obligations to pay for goods or scrviccs that havc bcen acquired in Ihc ordinary course of opcrations fi'oin supplicrs. Amounts payablc arc classificd as curi-cnt liabi lilics i f payincnt is due witliin one year or Icss. If not, thcy arc prcscntcd as non-currcnt l iabilitics. Tradc crcditoi-s arc recognised initially at transaction price and subscqucntly measurcd at amortised cost using thc cffcctive interest method. 1.7. Equity instruments Income recognition Eqiiity instruments issued by thc Company arc rccordcd at the procccds rcceivcd, nct of direct issue costb. Dividends payable on equity instrumcnts arc recogniscd as liabililics once thcy arc no longer at the discretion of the Company. Page 15
Lenadoon Community Forum Notes to the fRnancial statements for the year ended 31 March 2025 continued 1.8. Provisions Provisions are recognised when the Company has a legal or Constructive present obligation as a result of a past event, it is probablc that the Coinpany will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation. The amount recognised as a provision is the best estirnate of the con,sider1c tion reqiiired to scttle the present obligiltion at the reporting end d(ite, taking into (Iccount thc riskb <ind uncertainties surrounding thc obligation. Wherc the effect of the time value of money is material, thc amount cxpected to be required to settle thc obligation is recognised at present value. When a provision in measured at present value the unwinding of the discount is recognised as a finance cost in profit and loss in the period it drises. 1.9. Government grrdnts Govcmmcnt grants are rccognised at tlie fair value of the asset received oi. rcccivable when there is rcasonablc assurance that thc grant conditions will be niet and the grants will be reccivcd. A grant that specifics pcrformancc conditions is rccogniscd in income whcn thc pcrformancc conditions arc mcl. Wlicrc a gr¢lllt docs not spccify pcrfomiancc conditioiis it is rccogyniscd in incoinc whcn tlie pi'o¢ccIIs ¥ir¢ rcccivcd oi. i-CCClV(iblc. A grant rcccivcd bcfoi'c thc rccoginition ci-itcriil al'c Siilibficd is rcLogylli5cd as) a liability. 1.10. Employee benefits Thc costs of short-lcmi cmployec benefits are recognised as a liability and an cxpcnsc, unlcss those costs arc rcqiiircd to bc rccogFniscd as part of ilic cost of stock or fixcd asscts. The cost of any iinused holiday cntitlcment is rccognised in the pcriod in which the employee's services are received. Tcmiination benefits are recognised immediately as an expense when the company is demonstrably commiltcd to tcmiinatc the cmployinent of an cmployec or lo providL tLrniination bcncfils. Employees (including the Directors) during thc year were.. Employment costs 2025 2024 Wages and salaries 293,908 290,478 There were no employees eaming over £60,000 in the two years ended 31 March 2025. Page 16
Lenadoon Community Forum Notes to the financial statements for the year ended 31 March 2025 continued Unrestricted Restricted 2025 2025 Total 2025 Total 2024 Total income received DFC PHA v.s.s. Sundry income BHSCT Upper Springfield Development Trust SRRP BCC Holy Trinity Hcnry Smith Dormant Fund NIHE Kathlecn Graham Trust Community Fund Grant Community Foundation 93,725 135,608 97,621 4,800 35,422 9,100 19,490 37,489 27,800 38,800 33,331 750 93,725 135,608 97,621 4,800 35,422 9,100 19,490 37,489 27,800 38.800 33,331 750 110,969 161,031 134,113 12.442 19,837 7,191 17,850 42,488 40,825 38,400 33,332 5,000 6,000 52,425 533,936 533,936 681,903 Page 17
Lenadoon Community Forum Notes to the financial statements for the year ended 31 March 2025 continued Unrestricted Restricted 2025 2025 Total 2025 Total 2024 4. Total resources expended Wagcs and salaries Stiiff tl'¢iiiiing Rcnt and utilities Insurance Rcpaii's and rnaintcnance Stationary, postage, telephone and equipment Community magazinc Programme costs Audit Bank ch(Irges Gencral expenses Donation5 Dcpreciation 293,908 2,560 25,109 3,801 154 15,430 9.459 77,246 1,894 1,004 2,818 2,000 293,908 2,560 25,109 3,801 154 15,430 9,459 77,246 1,894 1,004 2,818 2,000 290,478 3,825 26,780 9,372 462 23,015 9,404 85.401 1,753 1,083 2,942 3,000 2,389 11 2,011 2,011 437,394 437,394 459,904 Taxation No liability to UK corporation tax arises on ordinary activities for the ycar. The Coinpany is a rcgistercd charity Page 18
Lenadoon Community Forum Notes to the financial statements for the year ended 31 March 2025 continued Fixtures, fittings and equipment Tangible fixed assets Total Cost At l Api'il 2024 26,877 26,877 At 31 March 2025 26,877 26,877 Depreciation At l April 2024 Charge for the year 17,320 2,011 17,320 2,011 At 31 March 2025 19,331 19,331 Net book values At 31 March 2025 7,546 7,546 At 31 March 2024 9,557 9,557 Debtors 2025 2024 Prcpayments and ac¢ived income 528 Creditors: rdmounts falling due ithin one year 2025 2024 Accruals and deferred incoine 6,720 1,500 Page 19
Lenadoon Community Forum INotes to the financial statements for the year ended 31 March 2025 continued Restricted Statement of funds reserve account Total Total reserves at l April 2024 Tol(21 income for thc ycar Total expenditure for tli¢ year 453,560 453.560 533,936 533,936 (437,394) (437,394) Total reserves At 31 March 2025 550,102 550,102 The general reserve represents the free funds of the charity which are not designated for particular pu05¢S. The restricted reserve funds rcprcscnl the funds hcld by the charity that have restrictions on usc, Restricted 10. Analysls of net assets behveen funds reserve fund Total Fund Balances at 31 March 2025 represented by: Tangiblc fixed asscls Current assets Current liabilities 7,546 549,276 (6,720) 7,546 549,276 (6,720) Total net assets 550,102 550,102 Thc gcncral rcscrvc rcprcscnts thc frcc funds of thc charity which arc not dcsignatcd for particular purposcs. Thc rcstricted reserve fundti represient the funds held by the charity that have restrictions on us¢. Page 20